NEW FUNDS
Goldner Hawn Beats Target on Fund VIII
Goldner Hawn has held an above target close of its eighth investment fund with $364 million in capital commitments. Limited partners in Fund VIII include financial institutions, foundations, state pension…...
“X” Marks the Spot at HighVista
HighVista Strategies has held a final and oversubscribed closing of HighVista Private Equity X LP with $675 million of capital commitments. In addition to several new limited partners, Fund X…...
Sterling Strikes Hard Cap Gold
The Sterling Group has held an oversubscribed, above target and hard cap close of its sixth fund, Sterling Group Partners VI LP, with $3.5 billion of capital. Sterling’s earlier fund…...
Climate Focused GEF Beats Fund II Target
GEF Capital Partners has held a closing of GEF US Climate Solutions Fund II LP with $325 million of capital commitments exceeding the fund’s original $250 million target. Limited partners…...
FalconPoint Takes Flight
FalconPoint Partners has announced its launch as a private equity firm focused on investing in North America-based middle market companies that are active in the business services and industrials sectors…....
Lone View Closes Inaugural Fund
Technology investor Lone View Capital has closed its inaugural fund, Lone View Capital Fund I LP, with $850 million of capital. Limited partners in Fund I include university endowments, sovereign…...
Compass Hard Caps Third Fund
Compass Group Equity Partners has held a first and final closing of its third fund, Compass Group Fund III LP, at its hard cap of $408 million. Compass Group began…...
Clarion Hears the Call, Beats Soft Cap on Fund IV
Clarion Capital Partners, an investor in lower-middle market companies, has held an above target and above soft cap closing of its fourth fund, Clarion Investors IV LP, with $677 million…...
NEW PLATFORMS
Mubadala Continues Growing TruFood with Bar Bakers Merger
TruFood Manufacturing, a contract manufacturer of snack foods and a portfolio company of Mubadala Capital, has completed its merger with Bar Bakers. Mana Tree Partners co-invested in this transaction alongside Mubadala Capital. TruFood is a…...
Apollo Takes U.S. Silica Private
Publicly traded U.S. Silica has agreed to be acquired by Apollo Management in an all-cash transaction at an enterprise value of $1.85 billion. U.S. Silica (NYSE: SLCA) is an industrial minerals company with core capabilities…...
Where’s the Beef? Just ask Shoreline
Shoreline Equity Partners has made an investment in Prime Meats, a processor and distributor of protein products. Prime Meats products include beef, poultry, pork, dairy, seafood, and other specialty products that are sold to independent…...
Forward Consumer Partners is Now the Artisanal Cracker King
Forward Consumer Partners has acquired artisanal baked goods maker Firehook Bakery. Alexandria, Virginia-headquartered Firehook was founded by Pierre Abushacra in 1992 as a neighborhood bakery specializing in organic sourdough breads and simply made baked goods…....
NEWS
NEW EXITS
NPX One Switches Sponsors
Atlas Holdings has sold NPX One, a manufacturer and seller of polystyrene trays, to Breck Partners. In 2015, Atlas formed Novipax to acquire the North American foam tray and absorbent pad businesses of publicly traded…...
Saw Mill Exits Wolf-Gordon
Saw Mill Capital has sold Wolf-Gordon, a designer and supplier of wallcoverings, to Charger Investment Partners. Wolf-Gordon’s products – used in commercial renovation and remodeling applications – include wallcoverings, upholstery and drapery textiles, specialty paints…...
SK Sells Foremark to Crown’s CC Industries
SK Capital Partners has closed its sale of Foremark Performance Chemicals to CC Industries. Foremark is a producer of patented and proprietary natural gas sweeteners, various chemical building blocks including formalin, and slow-release fertilizers. The…...
NEW ADD ONS
Transom Keeps Rockin’ the Baby with Latest Add-On
HALO Dream, a portfolio company of Transom Capital Group, has acquired BreathableBaby, a designer and manufacturer of juvenile safe sleep products. Transom acquired HALO Dream (then Aden & Anais) in June 2023. BreathableBaby…...
KLH Continues the Build of Thorpe Specialty Services
Thorpe Specialty Services, a portfolio company of KLH Capital, has acquired Walburn Industrial Services. KLH acquired Thorpe Specialty Services from the CapStreet Group in September 2022. Thorpe provides refractory, corrosion, scaffolding, and insulation services…...
NEW FINANCINGS
LongueVue Acquires Kingston Brass with Abacus Backing
LongueVue Capital (LVC) has acquired Kingston Brass, a designer and distributor of kitchen and bathroom fixtures, bathtubs, and accessories. Kingston designs and distributes water fixtures, bathtubs, kitchen and bathroom accessories,…...
Lineage Acquires Bellwether Media with Abacus Backing
Abacus Finance Group was the Senior Secured Credit Facilities Administrative Agent and Sole Lender for senior secured credit facilities used to back the acquisition of Bellwether Media by Lineage Capital…....
Lincoln Road’s Newest Platform Corners Houston Landscaping Market
Lincoln Road has acquired Silversand Services and SLI Landscape, providers of commercial landscaping services in the Houston metropolitan area. Silversand’s and SLI’s services include landscaping, irrigation management, tree care, interior…...
O2 Sponsor Finance Backs Soundcore’s Paving Platform
O2 Sponsor Finance, a division of Old Second National Bank, provided the senior bank financing to back the acquisitions by Soundcore Capital Partners of ACI Asphalt & Concrete (ACI) and…...
Abacus Backs Eureka’s Buy of Advertiser Perceptions
Eureka Equity Partners has acquired Advertiser Perceptions with senior debt and an equity co-investment from Abacus Finance. Abacus was the Senior Secured Credit Facilities Administrative Agent and Sole Lender. Advertiser Perceptions is a provider of research-based data, market intelligence, and analysis to the media, advertising, and ad tech industries. The company was founded in 2002 by Ken Pearl and Randy Cohen and is headquartered in New York City. “Abacus provided us with tremendous support early on in this transaction and…...
Always Active Abacus Starts Fast
Abacus Finance is continuing its active support of private equity buyouts with the close of new transactions for Thompson Street Capital Partners, American Pacific Group, Pine Tree Equity, and WestView Capital. In December, Abacus provided $34.5 million of debt to support American Pacific’s acquisition of Media 1 Digital Imaging Solutions, a distributor and integrator of private label and third-party wide-format, digital textile printing products including consumable textiles and fabric, ink, paper, and solvent; equipment, accessories, and replacement parts. Media 1’s…...
Abacus Backs Another LongueVue Platform
Abacus Finance Group has provided senior secured debt to support the acquisition of Summit Clinical Research by LongueVue Capital. Abacus also made an equity co-investment. Summit Clinical Research (SCR) is an integrated research organization that specializes in Hepatology, a branch of medicine concerned with the study, prevention, diagnosis, and management of diseases that affect the liver, gallbladder, and pancreas. Within Hepatology, SCR specializes in non-alcoholic steatohepatitis (NASH), liver inflammation and damage caused by a buildup of fat in the liver…....
FEATURED TRANSACTIONS
Arsenal’s Sealing Platform Sold to Henkel
Arsenal Capital Partners has sold its portfolio company Seal For Life Industries to publicly traded Henkel AG & Co. Seal For Life is a supplier of protective coating and sealing products that are…...
CW Industrial Seals the Deal with Mantaline Buy
CW Industrial Partners has acquired Mantaline Corporation, an Ohio-based extruder of plastic and rubber products. Mantaline designs, prototypes, validates, and manufactures extruded elastomeric products including seals, protectors and insulations that are used in…...
Trinity Hunt Establishes Coker as New Platform
Trinity Hunt Partners has acquired Coker Group, a provider of healthcare advisory services. Coker provides performance transformation, transaction advisory, and compliance consulting services to hospitals, physician groups, private equity-backed platforms, and other healthcare…...
Luxium’s Future is Crystal Clear
Luxium Solutions, a portfolio company of SK Capital Partners and Edgewater Capital Partners, has acquired PLX Inc. and PLX UK, Ltd. from Tinicum. The buy of PLX is Luxium’s first add-on acquisition under…...
Patriot Pickle Acquires First Place Foods
Patriot Pickle, a maker and distributor of pickles and a portfolio company of Swander Pace Capital, has acquired First Place Foods. First Place Foods manufactures a wide variety of fermented (shelf stable) and refrigerated pickles, relishes, and other pickled vegetables that are sold to the restaurant, foodservice, institutional, and retail markets. Third-generation family-owned First Place Foods, led by President Pat Hunn, operates manufacturing and warehousing facilities near Dallas in Garland, Texas. “For more than 15 years, First Place Foods has…...
SK’s Canlak Coatings Buys Ceramic Industrial Coatings
Canlak Coatings, a portfolio company of SK Capital Partners, has acquired Ceram-Traz (DBA Ceramic Industrial Coatings). Ceramic Industrial Coatings is a manufacturer of custom and proprietary water and solvent-based wood coatings as well as other coatings, adhesives, sealants and elastomers (CASE) products. Ceramic Industrial, led by CEO Rob Laubscher, was founded in 1962 and operates a 90,000-square-foot facility in Osseo, Minnesota (headquarters) and a 52,000-square-foot facility in Kansas City, Kansas. “We are tremendously excited about our future partnership with Canlak…...
PEOPLE ON THE MOVE
Heartwood Names New Managing Partners
Placement Agent Asante Gets a Fifth Partner
Kirk Wawrzyniak Newest VP at Gridiron
HKW Strengthens Team with Two New Partners
BGL Keeps Building Technology Team
New Healthcare Banker at Houlihan Lokey
STRATEGIES & STUDIES
Janney Continues Acquisitive Ways with Buy of TM
Janney Montgomery Scott has agreed to acquire middle market investment bank TM Capital, a provider of M&A advisory services across the business services, industrials, healthcare, and consumer sectors. TM Capital is led by CEO James…...
Align Launches Independent Sponsor Strategy
Align Capital Partners (ACP) has announced the launched of a new independent sponsor-focused private equity strategy, Align Collaborate. ACP founded Align Collaborate in partnership with independent sponsor investors, Grant Kornman and Michael Kornman. Prior to…...
Lincoln Private Market Index Closes 2023 at a Record High
The Lincoln Private Market Index (LPMI), which tracks changes in the enterprise value of US privately held companies, increased by 0.6% during the fourth quarter of 2023, resulting in the index ending 2023 at another…...
Grant Thornton Sees Big Capital Need in Tech Sector
Grant Thornton’s new Tech CFO Survey reveals how chief financial officers at technology companies plan to achieve growth in the coming years despite fierce competition and other challenges. The Tech CFO survey, which polled 150…...
Lincoln’s Private Market Index Increases Marginally on Higher Fundamental Performance
The Lincoln Private Market Index (LPMI), which tracks changes in the enterprise value of US privately held companies, increased by 0.8% during the third quarter of 2023. According to Chicago-headquartered investment bank Lincoln International, the…...
U.S. Middle Market Shows Strongest Earnings Growth in Two Years
Golub Capital has reported that its middle market private company index has shown the strongest earnings growth over the past two years. According to Golub, middle market private companies in the Golub Capital Altman Index…...
NPX One Switches Sponsors
Atlas Holdings has sold NPX One, a manufacturer and seller of polystyrene trays, to Breck Partners. In 2015, Atlas formed Novipax to acquire the North…...
Saw Mill Exits Wolf-Gordon
Saw Mill Capital has sold Wolf-Gordon, a designer and supplier of wallcoverings, to Charger Investment Partners. Wolf-Gordon’s products – used in commercial renovation and remodeling…...
Mubadala Continues Growing TruFood with Bar Bakers Merger
TruFood Manufacturing, a contract manufacturer of snack foods and a portfolio company of Mubadala Capital, has completed its merger with Bar Bakers. Mana Tree Partners…...
More Private Equity News
LLCP Exits Tropical Smoothie Cafe
Allied Industrial Adds to Celebrity Coaches
Argosy Buys Federal Rent-A-Fence
Netform Adds-On with Buy of Vickers Engineering
Arcline Closes Kaman Buy
Going Up? L Squared Sells Elevated to APi Group
This Buy Adds Up: Leeds Acquires TouchMath from Millpond
Graycliff Sells Ballymore to OEP
New Funds
Goldner Hawn Beats Target on Fund VIII
Goldner Hawn has held an above target close of its eighth investment fund with $364 million in capital commitments. Limited partners in Fund VIII include…...
“X” Marks the Spot at HighVista
HighVista Strategies has held a final and oversubscribed closing of HighVista Private Equity X LP with $675 million of capital commitments. In addition to several…...
Sterling Strikes Hard Cap Gold
The Sterling Group has held an oversubscribed, above target and hard cap close of its sixth fund, Sterling Group Partners VI LP, with $3.5 billion…...
Climate Focused GEF Beats Fund II Target
GEF Capital Partners has held a closing of GEF US Climate Solutions Fund II LP with $325 million of capital commitments exceeding the fund’s original…...
People on the Move
Heartwood Names New Managing Partners
Placement Agent Asante Gets a Fifth Partner
Kirk Wawrzyniak Newest VP at Gridiron
